The story of this market
The typical home in ZIP 59117 sells for about $389,238, or $242 per square foot.
Prices are up +3% from a year ago, so sellers still have some momentum. Homes take about 64 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,520 a month.
ZIP 59117 — Billings
The Billings housing market is currently experiencing a period of stability with modest price growth and a balanced inventory level. While demand remains steady, the market pace has slowed compared to previous years, reflecting broader national trends in interest rates and affordability.
This area is well-suited for families and local professionals seeking a balance of suburban living and access to regional amenities, as well as investors looking for stable rental demand.
Median prices moved up 3.0% year over year.
Homes spend a median of 64 days on market with 9.6 months of supply — a slower-moving market.
16% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 10.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 59117, Yellowstone County MT
Crime rates in Billings are generally higher than the Montana state average, with property crime being the most frequently reported issue. Local law enforcement continues to focus on community-based policing to address these regional trends.
The area is served by Billings Public Schools, which offers a variety of educational programs; school quality varies by specific neighborhood and school attendance zone.
The region faces moderate risks from severe weather, including high winds and occasional hail, while wildfire risk is a consideration for properties on the urban-wildland interface.
Billings serves as a regional economic hub for healthcare, energy, and retail, with ongoing development projects aimed at expanding infrastructure and commercial capacity.
Property taxes are assessed by Yellowstone County based on the market value of the property, with rates determined by local mill levies that fund schools, city services, and county operations.
Residents typically rely on personal vehicles for commuting, with major corridors like I-90 and I-94 providing access to the city's employment centers.
The area offers access to numerous parks, the Yellowstone River, and local golf courses, with major shopping districts concentrated along the main commercial arteries.
The rental market shows solid demand with a median rent of $1,520, though vacancy rates remain sensitive to new multi-family construction projects.
Billings is the economic center of Montana, driven by healthcare, energy production, and regional retail services.
The city is served by a network of highways and the Billings Logan International Airport, facilitating regional connectivity.
Ongoing infrastructure improvements and commercial developments are focused on supporting the city's role as a regional trade hub.
The Yellowstone County Department of Revenue handles property assessments for tax purposes.
Parcels are subject to various special districts including school, fire, and water/sewer districts depending on the specific location.
Property insurance premiums are influenced by regional weather patterns, including wind and hail exposure.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- The Reef Indoor Water Park413.8 mi
- Oasis4.513.9 mi
- Get Air Trampoline Park4.413.3 mi
- Öx Indoor Axe Throwing4.912.7 mi
- Chuck E. Cheese4.114.4 mi
- MetraPark - First Interstate Arena4.313.1 mi
- Pioneer Park4.613.6 mi
- Moss Mansion Museum4.812.8 mi
- The High Horse Saloon & Eatery4.412.6 mi
- The Pub Station4.512.6 mi
- Pictograph Cave State Park4.48.2 mi
- Lava Island4.812.2 mi
- Amend Park4.412.5 mi
- Riverfront Park4.511.4 mi
- Moss Mansion Museum4.812.8 mi
- Pictograph Cave State Park4.48.2 mi
- Moss Mansion Museum4.812.8 mi
- Wise Wonders Science and Discovery Museum4.612.7 mi
- Yellowstone Art Museum4.512.9 mi
- Roots Garden Center4.715.3 mi
- Pictograph Cave State Park4.48.2 mi
- Amend Park4.412.5 mi
- Riverfront Park4.511.4 mi
- Four Dances Trailhead4.811.4 mi
- DanWalt Botanical Gardens4.711.3 mi
- Briarwood Country Club4.69.4 mi
- Albertsons4.212.7 mi
- NAPA Auto Parts4.212.4 mi
- Billings-Logan International Airport4.414.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides extensive recreational opportunities including fishing, boating, and riverside trails.
The primary regional shopping destination serving the Billings area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.